Forwarded from Crypto Signals Premium Channel
Seems like we can finally see the test of the resistance for ETH/BTC pair.
Just to remind you one more time, ETH/BTC is higher timeframe bullish if it closes above 0.025.
The close has to be at least at daily but weekly has to confirm it as well.
Then we can expect 15-20% moves up.
Otherwise, this will be range forever.
Just to remind you one more time, ETH/BTC is higher timeframe bullish if it closes above 0.025.
The close has to be at least at daily but weekly has to confirm it as well.
Then we can expect 15-20% moves up.
Otherwise, this will be range forever.
“Bitcoin is manipulated.”
If manipulation was a sporting event, the stock market would be the Super Bowl and Bitcoin would be two legless ducks playing badminton blindfolded on an ice skating rink.
Wake up.
Bitcoin is the closest thing we have to a free market.
Whales move Bitcoin prices. That’s the nature of a free market.
As a trader, you have the opportunity every day to attempt to be onside with these whales.
Stock buybacks, QE and bailouts prop the stock market, bond market etc. That’s REAL manipulation by governments.
Good luck finding a market to trade as a small fish that is not “manipulated” by bigger players.
If you have a problem with the cryoto market being manipulated, you have the power of free will - don’t trade it.
Or take better trades.
If manipulation was a sporting event, the stock market would be the Super Bowl and Bitcoin would be two legless ducks playing badminton blindfolded on an ice skating rink.
Wake up.
Bitcoin is the closest thing we have to a free market.
Whales move Bitcoin prices. That’s the nature of a free market.
As a trader, you have the opportunity every day to attempt to be onside with these whales.
Stock buybacks, QE and bailouts prop the stock market, bond market etc. That’s REAL manipulation by governments.
Good luck finding a market to trade as a small fish that is not “manipulated” by bigger players.
If you have a problem with the cryoto market being manipulated, you have the power of free will - don’t trade it.
Or take better trades.
Bitcoin has changed direction from my previous post.
Below the blue area, it’s targeting two green areas while Bitcoin above blue area is targeting the previous high at $7500 and main target at $7800.
I have a long from $7050 but to be honest, things are really hard to predict in these times. The stops are tight because you don't really want to be too far from the current price action.
If the price moves against you, it can be a very volatile move and wide stops will lead to bigger slippage which will additionally increase potential loss on a trade.
Yeah, the halving is coming and that's positive in long term for sure but you never know what can happen in short term price action so you need to cool off and look for signs.
Generally, Bitcoin is looking good and it's surviving this pandemic very well.
Below the blue area, it’s targeting two green areas while Bitcoin above blue area is targeting the previous high at $7500 and main target at $7800.
I have a long from $7050 but to be honest, things are really hard to predict in these times. The stops are tight because you don't really want to be too far from the current price action.
If the price moves against you, it can be a very volatile move and wide stops will lead to bigger slippage which will additionally increase potential loss on a trade.
Yeah, the halving is coming and that's positive in long term for sure but you never know what can happen in short term price action so you need to cool off and look for signs.
Generally, Bitcoin is looking good and it's surviving this pandemic very well.
Crypto Signals
Crypto Signals Premium Service - Official Pre-Launch A few months ago, I got an idea to step up the game and provide more value to the members of the Crypto Signals Channel by opening a Premium service. Since then, I have been working hard to make this happen…
If you want to join my Premium Channel, contact @CryptoSignalsAdmin.
Trading & Investing Tips
There are 2 extreme forces in the crypto market, those that are thinking Bitcoin is going to a new all-time high in a matter of weeks/months and those that are calling Bitcoin at new $1-2k.
When you state your opinion that your either bullish or bearish, people associate you with one of these two groups.
Very few people actually understand that there are traders which define bullishness and bearishness in a totally different way.
If you hold Bitcoin, you’re bullish on it as an investment and timeframe is few years.
Being bullish in the long term doesn’t mean you can short it and make a profit on a $200 down move.
If you want to trade crypto, distinguish being longterm bullish from actual setups you’re trading.
The reason I am talking this is the upcoming halving. Most people are longing on short term timeframes without the actual setup saying that they’re bullish because of halving.
Right?
There’s no correlation between halving and short term price action.
Halving is positive for investors because it decreases selling pressure over months and years and makes Bitcoin more scarce.
It can’t prevent Bitcoin from dropping 5% - 8% or 12% in a single daily candle.
Be very cautious about what you’re doing before and after halving. Whales can easily take advantage of immaturity that’s currently in the crypto market and profit on some nice 10% crash while all of you take halving for reason for being long.
No matter if it’s halving, coronavirus pandemic, Third World War, your trading decisions have to be based on the trade setups.
Define the direction, find where you can enter with reasonably tight stop loss and that’s it. Wait for the outcome that will either be a win or loss.
Huge fundamental events should be a trigger for your investing strategies.
The first time since 2017, I sold my Bitcoin at $8k before coronavirus hit the news. Actually, it was the day before the big market crash.
Did I buy the bottom?
Not even close but I bought 3 days after once the capitulation was over.
That wasn’t a trade but a decision based on my investing strategy. First time for a while, I felt scared so I decided to take some risk of from my crypto portfolio and sell half of it until I feel comfortable holding it again.
I suggest the same thing to you.
If halving is really bullish, then find the way to put more fiat in Bitcoin but your trades should be the product of profitable market setups, not positive or negative market events.
If we see a 10-12% market crash just before or after halving, the reason is stated here. Too many immature longs in the market longing not even knowing the actual reason for it.
So be cautious and trade the setups that can give you 2-3 reward of the risk you’re putting in. If you can’t get that setup, simply wait for it and don’t FOMO in!
There are 2 extreme forces in the crypto market, those that are thinking Bitcoin is going to a new all-time high in a matter of weeks/months and those that are calling Bitcoin at new $1-2k.
When you state your opinion that your either bullish or bearish, people associate you with one of these two groups.
Very few people actually understand that there are traders which define bullishness and bearishness in a totally different way.
If you hold Bitcoin, you’re bullish on it as an investment and timeframe is few years.
Being bullish in the long term doesn’t mean you can short it and make a profit on a $200 down move.
If you want to trade crypto, distinguish being longterm bullish from actual setups you’re trading.
The reason I am talking this is the upcoming halving. Most people are longing on short term timeframes without the actual setup saying that they’re bullish because of halving.
Right?
There’s no correlation between halving and short term price action.
Halving is positive for investors because it decreases selling pressure over months and years and makes Bitcoin more scarce.
It can’t prevent Bitcoin from dropping 5% - 8% or 12% in a single daily candle.
Be very cautious about what you’re doing before and after halving. Whales can easily take advantage of immaturity that’s currently in the crypto market and profit on some nice 10% crash while all of you take halving for reason for being long.
No matter if it’s halving, coronavirus pandemic, Third World War, your trading decisions have to be based on the trade setups.
Define the direction, find where you can enter with reasonably tight stop loss and that’s it. Wait for the outcome that will either be a win or loss.
Huge fundamental events should be a trigger for your investing strategies.
The first time since 2017, I sold my Bitcoin at $8k before coronavirus hit the news. Actually, it was the day before the big market crash.
Did I buy the bottom?
Not even close but I bought 3 days after once the capitulation was over.
That wasn’t a trade but a decision based on my investing strategy. First time for a while, I felt scared so I decided to take some risk of from my crypto portfolio and sell half of it until I feel comfortable holding it again.
I suggest the same thing to you.
If halving is really bullish, then find the way to put more fiat in Bitcoin but your trades should be the product of profitable market setups, not positive or negative market events.
If we see a 10-12% market crash just before or after halving, the reason is stated here. Too many immature longs in the market longing not even knowing the actual reason for it.
So be cautious and trade the setups that can give you 2-3 reward of the risk you’re putting in. If you can’t get that setup, simply wait for it and don’t FOMO in!
How could the OIL drop impact the other markets?
What we saw yesterday is something we never witnessed before, an insane drop of OIL futures to negative -$37 which is more than 300%.
The first thing that we can learn from it is that Bitcoin is definitely not the most volatile asset. If SEC still doesn't approve Bitcoin ETF while keeping OIL's, there's definitely another reason for not doing that.
The only question is, how many banks were long on OIL. A few banks being on the wrong side of the trade when it came to US mortgage-backed securities in 2008 triggered a severe global financial crisis.
This could trigger a world bank crisis bigger than 2008 especially because this is not only the US but the whole world.
When dozens of investment banks around the world start filing bankruptcy who is going to want to keep their savings in a bank especially when bail-ins are now legal?
I'm very curious about who was on the wrong side of yesterday's drop because the loss would be huge.
Don't be one of these who will say, the global financial system is crashing, long Bitcoin. Yes, all these factors are positive for Bitcoin in the long term but the current fear can easily negatively impact the price of Bitcoin and cause 5-10-15% drop in the market.
Distinguish trading and investing decisions when looking at fundamentals.
Whatever happens, everything they were saying about Bitcoin is happening to their favorable assets.
Keep holding Bitcoin!
What we saw yesterday is something we never witnessed before, an insane drop of OIL futures to negative -$37 which is more than 300%.
The first thing that we can learn from it is that Bitcoin is definitely not the most volatile asset. If SEC still doesn't approve Bitcoin ETF while keeping OIL's, there's definitely another reason for not doing that.
The only question is, how many banks were long on OIL. A few banks being on the wrong side of the trade when it came to US mortgage-backed securities in 2008 triggered a severe global financial crisis.
This could trigger a world bank crisis bigger than 2008 especially because this is not only the US but the whole world.
When dozens of investment banks around the world start filing bankruptcy who is going to want to keep their savings in a bank especially when bail-ins are now legal?
I'm very curious about who was on the wrong side of yesterday's drop because the loss would be huge.
Don't be one of these who will say, the global financial system is crashing, long Bitcoin. Yes, all these factors are positive for Bitcoin in the long term but the current fear can easily negatively impact the price of Bitcoin and cause 5-10-15% drop in the market.
Distinguish trading and investing decisions when looking at fundamentals.
Whatever happens, everything they were saying about Bitcoin is happening to their favorable assets.
Keep holding Bitcoin!
More than a month ago, I told coronavirus is most likely lab made virus.
At that time, people were fearful and didn’t even consider that as a possibility.
Now we have many proofs behind these claims and every one of them mention Bill Gates and his connections with WHO.
This is crypto related channel but I have to use my rights and opportunity to share with people the other side of the story.
I’m not saying this is 1000% true but if they can ban all covid19 conspiracies on all social medias, I have to share the other side of it so you can make your own opinion.
I’m against banning freedom of speech.
Give is proof that these are fake claims and no one will call you out.
This article talks for itself.
Enjoy reading and don’t let them vaccinate you with Bill Gate’s vaccine cocktail.
https://www.snopes.com/fact-check/microsoft-own-patent-666/
At that time, people were fearful and didn’t even consider that as a possibility.
Now we have many proofs behind these claims and every one of them mention Bill Gates and his connections with WHO.
This is crypto related channel but I have to use my rights and opportunity to share with people the other side of the story.
I’m not saying this is 1000% true but if they can ban all covid19 conspiracies on all social medias, I have to share the other side of it so you can make your own opinion.
I’m against banning freedom of speech.
Give is proof that these are fake claims and no one will call you out.
This article talks for itself.
Enjoy reading and don’t let them vaccinate you with Bill Gate’s vaccine cocktail.
https://www.snopes.com/fact-check/microsoft-own-patent-666/
Snopes
Does Microsoft Own Patent ‘666’ About Implanting Microchips in People?
The Redmond, Wash.-based computer company published a patent for a "cryptocurrency system using body activity data."
6000 people die each day from hunger and we already have the vaccine for that (food) but media propaganda doesn’t give a sh*t about it.
The solution to that could easily happen because we throw away huge amounts of food each day.
But they don’t care about human lives.
The average age of people who died of Corona is above 70 in 95% countries.
In Norway, it’s 92.
People are dying from ageing not from coronavirus.
How’s that possible that virus went from China to Italy, Spain, USA... and not Bejing or Shangai?
There are no flights from Wuhan to these two cities or what?
People are slowly waking up. More than 500k signed petition in US for Bill Gates to prove that he’s not associated with WHO and Covid19.
Online protests are starting in US, Germany...
The more people find out that there’s the other side of the story, the tougher for them will be to do what they intended to do.
The solution to that could easily happen because we throw away huge amounts of food each day.
But they don’t care about human lives.
The average age of people who died of Corona is above 70 in 95% countries.
In Norway, it’s 92.
People are dying from ageing not from coronavirus.
How’s that possible that virus went from China to Italy, Spain, USA... and not Bejing or Shangai?
There are no flights from Wuhan to these two cities or what?
People are slowly waking up. More than 500k signed petition in US for Bill Gates to prove that he’s not associated with WHO and Covid19.
Online protests are starting in US, Germany...
The more people find out that there’s the other side of the story, the tougher for them will be to do what they intended to do.
One of the solutions is holding and supporting the idea of cryptocurrencies but not the centralised like the one Gate’s developing but fully decentralised like Bitcoin.
We don’t want digital money where our balance can get banned if we didn’t get a vaccine or did something they wanted us to do.
We don’t want digital money where our balance can get banned if we didn’t get a vaccine or did something they wanted us to do.
Crypto Signals via @vote
What’s your opinion on Bitcoin?
anonymous poll
I’m bearish – 173
👍👍👍👍👍👍👍 44%
I’m bullish – 160
👍👍👍👍👍👍 41%
I’m neutral – 59
👍👍 15%
👥 392 people voted so far.
anonymous poll
I’m bearish – 173
👍👍👍👍👍👍👍 44%
I’m bullish – 160
👍👍👍👍👍👍 41%
I’m neutral – 59
👍👍 15%
👥 392 people voted so far.
The pool is for the short term price action (next 7 days).
Of course that we’re all bullish in the long term 😁
Of course that we’re all bullish in the long term 😁
Bitcoin closed above resistance and targeting for higher targets.
In order to reach them, it shouldn’t have any close below previous resistance $7350 on important timeframes (H4 and Daily).
In the case of a close below, we can see contra move back below $7000.
Yesterday’s move up was not that bad but it could be way better. Being in the market and looking at that when it happened, I know there was a lot of artificial buying caused by filling short stop loss orders. The confirmation of this is the low daily volume.
So the market needs to hold this level otherwise we can see a move down if it fails.
Waiting for the test of the resistance level and then I will be taking longs if it holds.
In order to reach them, it shouldn’t have any close below previous resistance $7350 on important timeframes (H4 and Daily).
In the case of a close below, we can see contra move back below $7000.
Yesterday’s move up was not that bad but it could be way better. Being in the market and looking at that when it happened, I know there was a lot of artificial buying caused by filling short stop loss orders. The confirmation of this is the low daily volume.
So the market needs to hold this level otherwise we can see a move down if it fails.
Waiting for the test of the resistance level and then I will be taking longs if it holds.
New weekly close is coming with price above resistance which makes bullish scenario for the week ahead likely to happen.
In the previous update, I mentioned the pullback to the previous daily resistance level at $7350.
The pullback did happen to $7380 and bounced instantly to the $7500 area.
As long as that daily level holds, the price is in the bullish territory aiming for 8k+.
In the previous update, I mentioned the pullback to the previous daily resistance level at $7350.
The pullback did happen to $7380 and bounced instantly to the $7500 area.
As long as that daily level holds, the price is in the bullish territory aiming for 8k+.
The impact of halving is definitely present in the market.
Seems like everyone is waiting for halving to happen to trigger the beginning of the new trend.
In reality, the day halving will happen won’t make big fundamental change.
I’m constantly repeating that halving shouldn’t be your reason to be short term bullish because it’s an event that happens every 4 years and brings long term bullishness in the market.
If you don’t have a good setup in this market based on technical indicators, don’t force your trade because halving is coming.
That day will come, the block reward will decrease and life will continue as the day before that one.
What we can see is market manipulation in both directions that will in 15-30 minutes shake out both sides of the market.
Seems like everyone is waiting for halving to happen to trigger the beginning of the new trend.
In reality, the day halving will happen won’t make big fundamental change.
I’m constantly repeating that halving shouldn’t be your reason to be short term bullish because it’s an event that happens every 4 years and brings long term bullishness in the market.
If you don’t have a good setup in this market based on technical indicators, don’t force your trade because halving is coming.
That day will come, the block reward will decrease and life will continue as the day before that one.
What we can see is market manipulation in both directions that will in 15-30 minutes shake out both sides of the market.
What most people forgot when mentioning the previous two halvings is the fact that you couldn’t short Bitcoin.
It was way easier to stay with the bullishness in the market because of halving and keep riding the wave up.
Since I spend decent time on Reddit and twitter every day, I see a lot of people calling $15-20k in 2 weeks 😳
Bitcoin inflation rate goes from 3.5% to 1.8% after this halving which is not that big compared to 25% to 12% after the first one.
Bitcoin mining reward won’t split actually in half for those who don’t know because miners get 2 types of reward, block mining reward and reward from fees.
The profit from fees will still be the same and it won’t be cut.
Too many people are looking into halving as a holy grail not actually going a little bit deeper and understanding it.
After the first halving, the profit from fees was close to nothing because the number of daily transactions was way lower than today.
Today, fees play a very important role so miners won’t be affected as many people think by halving.
Bitcoin was at $3k for more than 3 months and miners were still mining Bitcoin.
It means that it can be at $6k with a reward cut and it will still be profitable for them.
Considering that profit from fees won’t be cut, their break-even is even lower than $6k and closer to 5k.
Just because halving is coming, it doesn’t mean Bitcoin can’t drop 10-15-20%.
The actual mining reward is cut by approximately 35%, not 50%.
I see a lot of people getting rekt in the upcoming days just because of a lack of information and being close-minded.
I love positivity about Bitcoin but sometimes the crypto community becomes too naive and immature.
All I know is that I will be conservative in the upcoming days not giving big chances to whales to profit from me.
They simply don’t care about common sense. They will do what makes them money because they know that in 2-3 weeks everyone will forget what happened and become naive again.
I shared a lot of information in these 200-300 words that you won't find easily anywhere else. Most of you don't like what I'm writing but that's how the market works. Just try to separate long term impact that halving has from short term nonsense that people are talking around. Just because miners will get 900 less Bitcoins a day, doesn't mean it will explode.
900 Bitcoins are around $6 million which is the average volume of the 15-minute candlestick on Bitmex. Do you think whales will have a problem absorbing this if they have an extra reason to do it? They own hundreds of millions and with help fo leverage, they can eath that lack of selling pressure in a minute. 😁
You know me as a pro-Bitcoiner that loves Bitcoin but sorry I can't be as 99% of the rest and be hyped just because halving is coming and miners will get less Bitcoin so it means the price has to go to the moon.
Stay safe and think twice with your own head. Don’t listen to anyone including me! ❤️
It was way easier to stay with the bullishness in the market because of halving and keep riding the wave up.
Since I spend decent time on Reddit and twitter every day, I see a lot of people calling $15-20k in 2 weeks 😳
Bitcoin inflation rate goes from 3.5% to 1.8% after this halving which is not that big compared to 25% to 12% after the first one.
Bitcoin mining reward won’t split actually in half for those who don’t know because miners get 2 types of reward, block mining reward and reward from fees.
The profit from fees will still be the same and it won’t be cut.
Too many people are looking into halving as a holy grail not actually going a little bit deeper and understanding it.
After the first halving, the profit from fees was close to nothing because the number of daily transactions was way lower than today.
Today, fees play a very important role so miners won’t be affected as many people think by halving.
Bitcoin was at $3k for more than 3 months and miners were still mining Bitcoin.
It means that it can be at $6k with a reward cut and it will still be profitable for them.
Considering that profit from fees won’t be cut, their break-even is even lower than $6k and closer to 5k.
Just because halving is coming, it doesn’t mean Bitcoin can’t drop 10-15-20%.
The actual mining reward is cut by approximately 35%, not 50%.
I see a lot of people getting rekt in the upcoming days just because of a lack of information and being close-minded.
I love positivity about Bitcoin but sometimes the crypto community becomes too naive and immature.
All I know is that I will be conservative in the upcoming days not giving big chances to whales to profit from me.
They simply don’t care about common sense. They will do what makes them money because they know that in 2-3 weeks everyone will forget what happened and become naive again.
I shared a lot of information in these 200-300 words that you won't find easily anywhere else. Most of you don't like what I'm writing but that's how the market works. Just try to separate long term impact that halving has from short term nonsense that people are talking around. Just because miners will get 900 less Bitcoins a day, doesn't mean it will explode.
900 Bitcoins are around $6 million which is the average volume of the 15-minute candlestick on Bitmex. Do you think whales will have a problem absorbing this if they have an extra reason to do it? They own hundreds of millions and with help fo leverage, they can eath that lack of selling pressure in a minute. 😁
You know me as a pro-Bitcoiner that loves Bitcoin but sorry I can't be as 99% of the rest and be hyped just because halving is coming and miners will get less Bitcoin so it means the price has to go to the moon.
Stay safe and think twice with your own head. Don’t listen to anyone including me! ❤️